EPA's Role with the North American Development Bank (NADBank)
The Governments of the United States and Mexico established the North American Development Bank (NADB), a binational institution, to provide financing to support environmental infrastructure projects. NADB also provides technical and other assistance for projects and actions that preserve, protect or enhance the environment to advance the well-being of the people of the United States and Mexico.
Governance
The NADB is jointly governed by the United States and Mexico, via a 10-member Board of Directors:
- From the federal government of the United States, the board members include the Administrator for EPA, and the Secretaries of State and Treasury.
- From the federal government of Mexico, the board members include the Secretaries for the Environment and Natural Resources (SEMARNAT), Treasury (Hacienda; SHCP), and External Relations (Secretaria de Relaciones Exteriores; SRE).
- The board also includes one state representative and one border resident from each country.
EPA has been an active participant as a member of the Board of Directors for NADB, helping to ensure that the projects approved by the Board achieve human health and/or environmental benefits, and that completed projects have achieved the anticipated results. In addition, EPA has made it a top priority that transparency and accountability continue to guide the work of the NADB.
Recent Border Projects
From its inception through June 30, 2023, NADB has funded approximately US$3.8 billion in loans and grants to help finance 300 certified projects. To date, 94% of the contracted financing has been disbursed for project implementation.
Of the 300 projects receiving financing from the Bank, 261 have completed construction and financing activity and/or have been closed out.
Additional information can be found on NADB’s website.